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Coin-ops currently serve over 40 million residences. They appeal particularly to the vast majority of middle and low income households whose laundry facilities may be limited. Coin-ops have also followed Americans into the suburbs to offer more and larger machines in direct competition with the single home washer. It is a cash business with no accounts receivable and very few accounts payable. Being a self service business it is not labor intense.
In recent years, many individuals with capital to invest have turned to coin-op ownership. They include engineers, accountants and pilots, to quote a few people who look forward to the challenge of operating a small business without tying themselves to it eight hours a day or forsaking their career occupation. However, in the process of acquiring more stores, some owners decide to abandon their original line of work altogether, to manage their coin stores, as a full time business venture in its own right.
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